TAX INFORMATION / CASH DISTRIBUTION / DIVIDEND SUMMARY

2009 Tax Information
2009 Dividend Summary
Taxation of Dividends
General Income Tax Information
U.S. Resident Tax Information
Income Tax Information 1996 to 2008
Historical Monthly Dividends and Distributions
Dividend Payment Details

1. 2009 Tax Information

   For the taxation year ended December 31, 2009 Shareholders of Superior Plus Corp. will not receive a T3, rather they will receive a T5 Supplementary Tax Slip as a result of Superior’s conversion to a corporation on December 31, 2008. Please see ‘Taxation of Dividends’ and ‘General Income Tax Information’ for additional details.

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2. 2009 Dividend Summary ⁽¹⁾

   Record Date	Payment Date	Dividend
   31-Dec-09	15-Jan-10	0.135
   30-Nov-09	15-Dec-09	0.135
   31-Oct-09	13-Nov-09	0.135
   30-Sep-09	15-Oct-09	0.135
   31-Aug-09	15-Sept-09	0.135
   31-Jul-09	14-Aug-09	0.135
   30-Jun-09	15-Jul-09	0.135
   31-May-09	15-Jun-09	0.135
   30-Apr-09	15-May-09	0.135
   31-Mar-09	15-Apr-09	0.135
   28-Feb-09	13-Mar-09	0.135
   31-Jan-09	13-Feb-09	0.135

   ⁽¹⁾  Superior’s dividend on an annualized basis is currently $1.62 per share.

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3. Taxation of Dividends

   The information contained herein is based on Superior's understanding of the Income Tax Act (Canada) and is provided for general information only. Shareholders are advised to consult their personal tax advisors with respect to their particular circumstances.

   Eligible Dividends for Canadian Tax Purposes

   Superior hereby advises all shareholders that, effective from January 1, 2009, all dividends paid on its common shares will be designated as “eligible dividends” for Canadian income tax purposes. This designation will apply until a notification of a change is posted on this website.

   If you have any questions regarding the taxation of eligible dividends, please contact your Canadian tax advisor or your local office of the Canada Revenue Agency.

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4. General Income Tax Information

   The following is intended to provide individual shareholders of Superior additional information to assist in the preparation of their 2009 Canadian T1 Income Tax returns. The information presented is general in nature and cannot possibly address every situation experienced by all investors. This material is not intended to replace professional investment or tax advice.

   Shares held within a Registered Retirement Savings Plan (RRSP), a Registered Retirement Income Fund (RRIF), or a Deferred Profit Sharing Plan (DPSP):

   If the investment in the shares of Superior is held within one of these plans, income earned in respect of the shares is not subject to tax in the year. Instead, the amount of capital and any earnings in the plan is taxed only on withdrawal from the plan.

   Shares held outside of an RRSP, RRIF or DPSP:

   Shareholders with an investment outside of an RRSP, RRIF, or DPSP and who received dividends will receive a "T5 Supplementary" tax slip which is required to be mailed on or before February 28, 2010. Please note that if the shares are registered in the investor's name, the T5 will be sent directly from Superior to the shareholder. However, if the shares are held in the name of a broker (i.e. in "street form"), the shareholder will need to obtain a T5 tax slip from the broker.

   For tax purposes, cash dividends received on January 15, 2010 will be considered to be income in 2010, whereas for tax purposes, cash distributions received on January 15, 2009 were considered to be income in 2008.

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5. U.S. Resident Tax Information

   The following information is provided for general information only and should not be construed to be legal or tax advice to any shareholder. Shareholders are encouraged to seek advice from a qualified tax advisor in their country or residence to obtain guidance with respect to the appropriate tax treatment of their distributions.

   Superior has made an election to be taxed as a corporation for U.S. tax purposes. As a result, any distribution made on a share by Superior is treated as foreign-source dividend income under U.S. federal income tax principles, reportable on a Form 1099. This treatment of the distributions is based on the fact that we have not determined our current or accumulated earnings and profits. In the absence of such information, we believe that a United States person should report our distributions as fully subject to United States federal income tax.

   Providing the applicable holder-level requirements are met, we believe that these distributions would be treated as "qualified dividends," eligible for taxation at reduced rates under U.S. federal income tax legislation.

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6. Income Tax Information 1996 to 2008

   Click on the link below to view the annual cash distribution / dividend summary for Superior Plus, for income tax purposes, from inception of the Fund on October 8, 1996 to December 31, 2008.

   Annual cash distribution / dividend summary

   
   

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7. Historical Monthly Dividends and Distributions

   Click on the link below to view the monthly cash distribution summary for the Superior Plus, for income tax purposes, from inception of the Fund on October 8, 1996.

   Monthly cash distribution summary

   
   

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8. Dividend Payment Details

   The record date for each monthly dividend will be the last day of the month and payment will be made on or before the fifteenth day of the following month.

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For further information, please contact:
Superior Plus
1400, 840 - 7 Avenue SW
Calgary, Alberta T2P 3G2
www.superiorplus.com

Jay Bachman
Vice-President, Investor Relations & Planning
Tel: 403-218-2957
Fax: 403-218-2973
Toll Free: 1-866-490-PLUS (7587)
E-mail: jbachman@superiorplus.com